Top 25 Subprime lenders and biggest losers

For many years it has been our opinion that predatory lending became the acceptable norm, followed by a period of aggressive Wall Street greed. When predatory became subprime, and with regulators totally asleep, these 25 institutions effected the entire world economy: Countrywide Financial Corp. Amount of Subprime Loans: At least $97.2 billion Ameriquest Mortgage Co./ACC …

Kick third-party agents out of foreclosure rescue, mortgage modification business

There is no doubt that the Spin Doctors have been successful. They spun the economy into a frenzy that could not be sustained. Others put the spin on the stock market, while speculators put a spin on everyone with high gas and oil prices. Fair and balanced news is so far from the truth it …

Washington does not see hopeless Americans who fear more $5 gasoline

Restoring trust and confidence in any system is a slow methodical process. Restoring confidence in the United States financial system is even more difficult, but not impossible. With Bush’s shortfalls and Obama’s promises we still have no guarantee of focus and honesty. Yes, we hear the words from the new administration, but many people expect …

The ghost of Household International is dead

As mortgage blues continue, one more lender is gone from the American landscape. That lender is HSBC Finance, formerly known as predatory lender Household International. Household was sold to HSBC in 2003, following Household’s $484 million predatory lending settlement. After HSBC purchased the company the name was changed to HSBC Finance Corp., but little if …